TY - JOUR

T1 - Gambling to leapfrog in status?

AU - Friehe, Tim

AU - Mechtel, Mario

PY - 2017/12/1

Y1 - 2017/12/1

N2 - This paper tests our theoretical prediction that households with positional concerns use gambling to attempt leapfrogging in the social hierarchy. We rely on household data that is representative for Germany and proxy the households’ positional concerns by their expenditures for conspicuous consumption. Our empirical results strongly indicate that households who care about status are not only more likely to participate in gambling but also to invest more in gambling.

AB - This paper tests our theoretical prediction that households with positional concerns use gambling to attempt leapfrogging in the social hierarchy. We rely on household data that is representative for Germany and proxy the households’ positional concerns by their expenditures for conspicuous consumption. Our empirical results strongly indicate that households who care about status are not only more likely to participate in gambling but also to invest more in gambling.

KW - Behavioral economics

KW - Conspicuous consumption

KW - Gambling

KW - Relative income

KW - Status

KW - Economics

KW - Conspicuous consumption

KW - Status

KW - Relative income

KW - Gambling

KW - Behavioral economics

UR - http://www.scopus.com/inward/record.url?scp=84940068967&partnerID=8YFLogxK

U2 - 10.1007/s11150-015-9306-9

DO - 10.1007/s11150-015-9306-9

M3 - Journal articles

AN - SCOPUS:84940068967

VL - 15

SP - 1291

EP - 1319

JO - Review of Economics of the Household

JF - Review of Economics of the Household

SN - 1569-5239

IS - 4

ER -